The part of @TermMax that stuck with me isn't the fixed rate it's what happens to liquidity in the gap before anyone borrows it.
Atomic Orders let a single pool of liquidity get quoted across multiple markets at once, instead of sitting locked in one market waiting for a match.
TermMax says idle funds keep earning yield while they wait, and get recalled automatically the moment a borrowing order is filled.
So idle capital isn't dead capital anymore. But it now depends on one thing working perfectly every time: recall speed under pressure.
If five or six large borrow orders land close together, does that recall stay instant, or does it start queuing?
#termmax @TermMax